Financing Russia's transport infrastructure using public-private partnership facilities: Current challenges and prospects

Abstract

Subject. This article examines the main ways and legal forms of implementation of transport infrastructure projects in the Russian Federation, the challenges associated with financing, and the prospects for the development of the public-private partnership (PPP) mechanism when implementing transport projects. Objectives. The article aims to substantiate the effectiveness of the use of PPP mechanisms when implementing transport infrastructure projects in Russia to ensure the long-term development of the country. Methods. For the study, I used analysis and synthesis, deduction and induction, statistical and graphical analyses, and comparison. Results. The article assesses the role of PPP facilities in project financing to encourage the inflow of investments in the field of transport infrastructure and determines the main organizational and legal framework for the implementation of transport projects. Conclusions. The State's participation in project financing through PPP mechanisms when implementing transport infrastructure projects in Russia can help improve the attractiveness of long-term projects with high capital expenditures due to a more efficient and flexible distribution of risks and responsibilities among the key partners, and it also contributes to the achievement of national transport objectives significantly.